SINGAPORE and SHANGHAI, Aug. 15, 2025 — H World Group Limited (NASDAQ: HTHT and HKEX: 1179), a major global hotel company, has announced changes to its board of directors (the “Board“), effective August 15, 2025. These include: (i) the appointment of Mr. Justin Martin Leverenz (“Mr. Leverenz”) as a director; (ii) the appointment of Ms. Yi Zhang (alias Bonnie Yi Zhang) (“Ms. Zhang”) as an independent director and chairwoman of the company’s audit committee (the “Audit Committee”); and (iii) the appointment of Ms. Lei Cao, an existing independent director, as a member of the compensation committee (the “Compensation Committee”). Also effective August 15, 2025, Ms. Tong Tong Zhao (“Ms. Zhao”) will resign as an independent director to become an observer of the Board, and Mr. Jian Shang (“Mr. Shang”) will resign as an independent director, chairman of the Audit Committee, and member of the Compensation Committee.

Mr. Leverenz was previously the Chief Investment Officer and a Senior Portfolio Manager of Invesco Developing Markets Fund from May 2007 to July 2025. He joined Invesco Ltd. in 2019 following its merger with OppenheimerFunds. Mr. Leverenz managed the OppenheimerFunds Developing Markets Fund, later renamed the Invesco Developing Markets Fund, starting in May 2007. He was a Portfolio Manager at OppenheimerFunds from 2007 to 2019, beginning in 2004 as a senior research analyst supporting Global Equity Strategy. Before OppenheimerFunds, Mr. Leverenz was a director of Pan-Asian Technology Research for Goldman Sachs in Asia, covering technology companies in the region. He also served as Head of Equity Research in Taiwan, China for Barclays de Zoete Wedd and as a Portfolio Manager for Martin Currie Investment Managers in Scotland. Mr. Leverenz holds a bachelor’s degree in Chinese Studies and Political Economy from the University of California and a master’s degree in international economics from the same university. He is a Chartered Financial Analyst® (CFA®) charter holder.

Ms. Zhang has been the Chief Financial Officer of SINA Corporation since March 2015. She served as Chief Financial Officer of Weibo Corporation (NASDAQ: WB; HKEX: 09898), a SINA subsidiary, from March 2014 to March 2015. Prior to Weibo, Ms. Zhang was Chief Financial Officer of AdChina Ltd., an integrated internet advertising platform in China, from May 2011 to February 2014. From October 2007 to April 2011, Ms. Zhang was an audit partner at Deloitte Touche Tohmatsu in Shanghai, focusing on Chinese companies listed or seeking IPOs in the United States. Ms. Zhang has been an independent director of Yatsen Holding Limited (NYSE: YSG), a NYSE-listed company, since November 2020. She has also been an independent non-executive director of Swire Pacific Limited (HKEX: 0019), a Hong Kong-based international conglomerate, since June 2022. Since February 2023, Ms. Zhang has served as an independent director of Hesai Group (Nasdaq: HSAI), a NASDAQ-listed technology company. Ms. Zhang graduated summa cum laude with a B.A. in Business Administration from McDaniel College in Maryland in 1997 and is a member of the American Institution of Certified Public Accountants.

Mr. Qi Ji, the Company’s founder and executive chairman of the Board, extended a warm welcome to Mr. Leverenz and Ms. Zhang. He expressed his belief that their skills and experience would significantly contribute to H World’s long-term sustainable growth. He also thanked Ms. Zhao and Mr. Shang for their valuable contributions and dedicated service as directors.

About H World Group Limited

H World Group Limited, originating in China, is a major participant in the global hotel industry. As of March 31, 2025, H World operated 11,685 hotels with 1,142,158 rooms in 19 countries. H World’s brands include HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, IntercityHotel, Hi Inn, Ni Hao Hotel, Elan Hotel, Zleep Hotels, Starway Hotel, CitiGo, Manxin Hotel, Madison Hotel, MAXX, Blossom House, Joya Hotel, Steigenberger Hotels & Resorts, Jaz in the City, Steigenberger Icon and Song Hotels. Additionally, H World is the master franchisee for Mercure, Ibis, and Ibis Styles, and has co-development rights for Grand Mercure and Novotel in the pan-China region.

H World’s business model includes leased and owned, manachised, and franchised hotels. The lease and ownership model involves H World directly operating hotels, typically on leased or owned properties. Under the manachise model, H World manages hotels through appointed on-site managers, collecting fees from franchisees. Under the franchise model, H World provides training, reservations, and support services, collecting fees but not appointing on-site managers. H World applies a consistent standard and platform across all its hotels. As of March 31, 2025, 8 percent of H World’s hotel rooms operate under the lease and ownership model, and 92 percent under the manachise and franchise model.

For more information, please visit H World’s website: https://ir.hworld.com.

Contact Information
Investor Relations
Tel: +86 (21) 6195 9561
Email: ir@hworld.com
https://ir.hworld.com

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